Natural Gas Services's 15min chart shows KDJ Golden Cross, Bullish Marubozu
ByAinvest
Monday, Oct 6, 2025 10:48 am ET1min read
NGS--
The proposal keeps the Fort Martin and Harrison coal-fired power stations operational until 2040, while also exploring the addition of a new 1,200-megawatt natural gas combined-cycle plant by 2031. Additionally, the plan includes the installation of 70 megawatts of utility-scale solar by 2028. These moves aim to balance the need for reliable power during high-demand periods with the goal of supporting economic development and keeping energy costs manageable for customers.
Jim Myers, FirstEnergy's president of West Virginia and Maryland, emphasized that the plan is the result of careful analysis and planning, designed to ensure the company can continue delivering reliable power while supporting local investment and managing environmental impacts. The plan aligns with Gov. Patrick Morrisey's "50 by '50" initiative, which seeks to expand West Virginia's energy capacity to 50 gigawatts by 2050 [1].
The plan reflects a long-term view of the state’s energy future, balancing traditional energy sources with the integration of renewable energy. This approach is crucial for maintaining a stable and affordable energy supply while addressing environmental concerns.
The 15-minute chart for Natural Gas Services recently exhibited a KDJ Golden Cross, accompanied by a Bullish Marubozu on October 6, 2025 at 10:45. This development indicates a shift in momentum towards the upward trend, suggesting that the stock price has the potential to rise further. As buyers maintain control of the market, the bullish momentum is expected to persist.
FirstEnergy Corp., through its subsidiaries Mon Power and Potomac Edison, has submitted a 10-year Integrated Resource Plan to the West Virginia Public Service Commission. The plan, filed on Wednesday, outlines the company's strategy for the state's energy future, focusing on reliability, affordability, and environmental impact [1].The proposal keeps the Fort Martin and Harrison coal-fired power stations operational until 2040, while also exploring the addition of a new 1,200-megawatt natural gas combined-cycle plant by 2031. Additionally, the plan includes the installation of 70 megawatts of utility-scale solar by 2028. These moves aim to balance the need for reliable power during high-demand periods with the goal of supporting economic development and keeping energy costs manageable for customers.
Jim Myers, FirstEnergy's president of West Virginia and Maryland, emphasized that the plan is the result of careful analysis and planning, designed to ensure the company can continue delivering reliable power while supporting local investment and managing environmental impacts. The plan aligns with Gov. Patrick Morrisey's "50 by '50" initiative, which seeks to expand West Virginia's energy capacity to 50 gigawatts by 2050 [1].
The plan reflects a long-term view of the state’s energy future, balancing traditional energy sources with the integration of renewable energy. This approach is crucial for maintaining a stable and affordable energy supply while addressing environmental concerns.
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